Conroy Simberg | April 29, 2019 After 6 years, the Florida Legislature has finally passed what appears to be an effective crackdown on Assignment of Benefit (AOB) abuse that has plagued first-party property insurance for years. The Act creates Florida Statute 627.7152, which preliminarily defines “Assignment Agreements” as instruments by which post-loss benefits under a… Continue reading Recent Property Insurance Assignment of Benefits Legislation
Month: May 2019
Damages for Permit Revocation Constitute Covered “Loss of Use”
Shanti Eagle | Policyholder Perspective | April 26, 2019 Insurers often claim “economic damages” are not covered under a standard commercial general liability (CGL) policy. The Fourth District Court of Appeal’s decision in Thee Sombrero, Inc. v. Scottsdale Ins. Co., 28 Cal. App. 5th 729, 736 (2018) review and request to depublish denied (Jan. 30, 2019), demonstrates that… Continue reading Damages for Permit Revocation Constitute Covered “Loss of Use”
Will The Additional Insured Endorsement Actually Cover The Claim?
Kenneth Gorenberg | Barnes & Thornburg LLP | April 25, 2019 Imagine this scenario. Your company hires a contractor to do some repair or renovation work. The contract requires the contractor to have commercial general liability insurance and make your company an additional insured under that policy. The contractor does so. Someone is injured on… Continue reading Will The Additional Insured Endorsement Actually Cover The Claim?
Interesting Public Adjuster Contract Required By Michigan Director of Insurance
Chip Merlin | Property Insurance Coverage Law Blog | April 29, 2019 The Michigan Director of Insurance recently issued the following bulletin: MICHIGAN INSURANCE BULLETINS AND RELATED MATERIALSBULLETINSBulletin 2019-07-INSApril 17, 2019 FROM: Anita G. FoxDirector Of InsuranceDATE: April 17, 2019 RE: RESIDENTIAL PUBLIC ADJUSTER CONTRACT This bulletin supersedes Bulletin 2018-22-INS, dated November 20, 2018. The… Continue reading Interesting Public Adjuster Contract Required By Michigan Director of Insurance
Assessing the “Reasonableness” of Notice
Christina Phillips | Property Insurance Coverage Law Blog | April 27, 2019 As any contributor on this blog will tell you, the first step in assessing any claim is to read the Policy. Policy language is ever evolving and changing, especially when it comes to notice requirements. The purpose of a notice requirement in an… Continue reading Assessing the “Reasonableness” of Notice